Home Improvement Investment Rochester MI

With the popularity of do-it-yourself remodeling many people are tackling more and more projects. Many home improvement projects may sound valuable to the person doing it but in reality a potential buyer may not care at all about the renovation.

Local Companies

A 1st Choice: Joes Quality Home Improvements
586 731-7500
44809 Van Dyke
Utica, MI
Lincorp | Home Remodeling, Renovations & Restoration
248-788-4950
7290 Carlyle Crossing
West Bloomfield, MI
Edgeworth Remodeling & Rennovation
(586) 752-1687
1640 Schilling Ln
Rochester, MI
Home Concepts Inc
(248) 375-0502
Rochester, MI
Home Town Builders of Plymouth Inc
(734) 459-3232
Plymouth, MI
J Jarvis Construction
(734) 697-7744
46400 Judd Rd
Belleville, MI
Wolfgang Home Improvements
(989) 777-1935
5190 Sheridan Rd
Saginaw, MI
Metro Service Systems
(313) 533-1111
25440 5 Mile Rd
Redford, MI
This New Home Services
(248) 352-2295
21035 Mahon Dr
Southfield, MI
Banny Custom Homes
(248) 647-5450
39533 Woodward Ave
Bloomfield Hills, MI

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Lately I've had several questions from people about what different type of renovations give the best return on their investment when they sell. With the popularity of do-it-yourself remodeling many people are tackling more and more projects. Many home improvement projects may sound valuable to the person doing it but in reality a potential buyer may not care at all about the renovation.

One popular renovation that many people tackle is finishing a basement. However, according to recent polls most basement renovations only return about 50% of your investment. So a typical basement remodel that costs $25,000 may only net you $12,500 when you sell the house.

The two most rewarding renovations are remodeling your kitchen or bathroom. Typical kitchen and bathroom remodeling projects return between 75% and 90% of your investment. Not only are those projects financially rewarding kitchens and bathrooms really do help sell the house. An updated kitchen can make the difference between your house and one down the street thats still stuck in the 80's!

One statistic that I read I have a hard time believing. The article said that fireplaces and decks only yield about 10%, or the same as installing a hot tub or pool. While I can see the argument for the the hot tub and pool I tend to disagree with the fireplace and deck. I think fireplaces and decks can make the difference in your sale and while that may not relate directly to your investment, selling versus not selling can add up to significant dollars.

The bottom line is when you plan your next home improvement project make sure you evaluate why you're doing that project. If you're doing it to help sell your house in the future you may spend you money on the kitchen or bathroom. If you're doing it for your own enjoyment than the hot tub or pool might be just the thing you need.

Home Improvement Investment
Home Improvement

Click here to read article at HomeConstructionImprovement.Com

Featured Local Company

A 1st Choice: Joes Quality Home Improvements

586 731-7500
44809 Van Dyke
Utica, MI

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